Granbury Properties

115 West Doyle Street, Granbury, TX 76048

Property Overview

Granbury Properties is located just less than an hour drive from
downtown Fort Worth to the southwest area towards Lake
Granbury. The route shows population growth in that direction
with many retail, single family homes, schools, Hospitals and
many other developments.
The three parcels for sale include two parcels, side by side,
situated on the lake just two blocks from the main city square
of Granbury. These two parcels include a 4 plex on each for a
total of 8 units. The larger parcel of the two is zoned for up to
18 multifamily units. All units are currently leased with a waiting
list. Across the street is the third parcel that is currently an
overflow parking lot that is zoned single family up to 4 units with
a variance.
The property is being sold on an actual income approach and
value added for the development land. The seller is ready to
negotiate and consider all offers.
These parcels are at an irreplaceable location along the
waterfront of Lake Granbury, within Granbury’s Historical
District. Tenants have access to a multitude of shops and
restaurants, within a block from Historic Granbury Square.
Granbury Properties offers impeccable views and access to
the property’s private boat slips. For which there are currently 4
slips with the ability to install another 7. Current rents per slip
are at asking of $250 per month.
The Eight fully renovated units consist of a mix of 2 /1 and 2/1.5
Bath units, currently attaining $1,576 Avg per month in rent.
There is one 3/2.5 unit at $1,995 per mth. The units have been
upgraded with granite countertops, new flooring, and lakeviewing
porches on both first and second floors. Residents
enjoy unique views of the Granbury lakefront, access to boat
docks, fishing, and more. Again Investors will have the
opportunity to add up to 7 more private boat slips. Newly
developed units with lake views could easily rent for over
$2,200 per month if not more.

At A Glance
Sale Price: Contact Broker
Property Type: Land - Multi-Family
Market: Dallas / Fort Worth
Submarket: Other
Total Land Size: 1.6 acres
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